Amundi Asset Management US Inc. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Amundi Asset Management US Inc. raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,680,502 shares of the company’s stock after acquiring an additional 228,676 shares during the quarter. Amundi Asset Management US Inc. owned approximately 0.19% of Mondelez International worth $156,889,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Navis Wealth Advisors LLC purchased a new position in shares of Mondelez International in the fourth quarter valued at about $26,000. Wagner Wealth Management LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at about $33,000. Safeguard Investment Advisory Group LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at about $37,000. Better Money Decisions LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at about $46,000. Finally, Simon Quick Advisors LLC boosted its stake in shares of Mondelez International by 32.2% during the 1st quarter. Simon Quick Advisors LLC now owns 821 shares of the company’s stock valued at $48,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.

Shares of NASDAQ MDLZ opened at $64.02 on Thursday. The business has a 50 day moving average price of $63.17. The company has a market capitalization of $89.93 billion, a P/E ratio of 24.25, a PEG ratio of 2.55 and a beta of 0.66. Mondelez International, Inc. has a 52-week low of $52.51 and a 52-week high of $64.96. The company has a current ratio of 0.61, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 27th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.08. Mondelez International had a net margin of 13.94% and a return on equity of 14.37%. The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 14th. Stockholders of record on Wednesday, June 30th were issued a dividend of $0.315 per share. The ex-dividend date was Tuesday, June 29th. This represents a $1.26 annualized dividend and a dividend yield of 1.97%. Mondelez International’s payout ratio is 48.65%.

A number of equities research analysts have recently weighed in on MDLZ shares. Royal Bank of Canada lifted their target price on shares of Mondelez International from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley boosted their price objective on shares of Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 28th. Credit Suisse Group boosted their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Mondelez International from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $65.50.

Mondelez International Profile

Mondelez International, Inc engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, chocolate, gum & candy, cheese & grocery and meals.

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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